CURRENT AFFAIRS

Detailed explanation-1: -In News- Recently, the Minister of State (IC) Power and New & Renewable Energy & Minister of State Skill Development and Entrepreneurship launched pan-India Green Term Ahead Market (GTAM) in electricity.

Detailed explanation-2: -GDAM is aligned to India’s aspiration of achieving 450 GW of green Capacity by 2030. Shri R K Singh, Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM) today.

Detailed explanation-3: -Green Term Market Ahead: It is a national market for renewable energy. It will link the surplus states with that of the deficit states. True-price discovery possible. Future-contracts and spot-sale, both available.

Detailed explanation-4: -GREEN TERM-AHEAD MARKET The market offers a range of contracts in both solar & non-solar segments, allowing participants to buy/sell electricity on a term basis for a duration of up to 11 days ahead. The contracts include - Green-Intraday, Green Day-Ahead Contingency (DAC), Green-Daily and Green-Weekly.

Detailed explanation-5: -Adani Green Energy Ltd 3, 38, 515 cr., the highest amongst the list of top 5 green energy stocks. The company has a renewable energy portfolio of  20, 434 MW.